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July 22, 2019
Retail giants forecast to deliver disappointing Q2 earnings
...ith online operators, with industry leader E-mart expected to post the first deficit in its history, industry data showed July 22. E-mart, the country’s largest hypermarket chain, operated by Shinsegae Group, is predicted to have swung into the red during the April-June period, acc...
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June 25, 2019
Rawrow secures funding from Shinsegae International
Rawrow on June 20 announced that it had signed a contract to get funding from Shinsegae International , a fashion arm of Korean conglomerate Shinsegae. According to Rawrow, it handed some of its shares to the Shinsegae affiliate but declined to disclose the specific...
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May 29, 2019
Aekyung eyes Asiana Airlines
... currently conducting due diligence, a process expected to be concluded by end-June. Credit Suisse, tapped to manage the deal, then will send out an information memorandum. Other conglomerates such as SK, Hanwha, Lotte, CJ and Shinsegae groups were considered as potential buyers. But t...
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May 29, 2019
NPS cuts number of big-stake firms in Q1
...s of 95 businesses. As of end-March, the NPS had the largest stake of 14.22 percent in investment firm Halla Holdings, trailed by Hansol Chemical with 14.08 percent and department store giant Shinsegae with 14.02 percent. The pension operator held a 9.9 percent interest in top-c...
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May 05, 2019
Chaebol heads' property value up 34 pct in 2019
...is house located in the Hannam district of Seoul especially shot up 52.5 percent to 39.8 billion won. Lee Myung-Hee, the younger sister of Lee Kun-hee and the head of South Korea's retail giant Shinsegae Group , followed with 40.4 billion won. Suh Kyung-bae, president of top cosmeti...
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May 03, 2019
Shinsegae International expands coworking space biz
Shinsegae International on May 3 announced that it has launched new coworking space “Scale Up” for startups in the lifestyle-related industry in Cheongdam-dong, southern Seoul. In April, the compan...tor Park Seung-seok said. “With our infrastructure, we aim to make a win-win situati...
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April 15, 2019
Asiana share price soars on Kumho’s decision to sell
...creditors including KDB due to a severe cash crunch triggered by the Daewoo E&C deal. Market watchers said the air carrier could attract major conglomerates such as SK Group, Hanhwa Aekyung, CJ, Shinsegae and Lotte as potential buyers. “The buyer would have to pay for the 33.5 percen...
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April 02, 2019
FSS data lists South Korea’s most-paid execs
...ary while he was in prison. Lee Jae-yong, president and the de-facto leader of the country’s largest conglomerate Samsung, received nothing as he has been facing trials. Among female executives, Shinsegae Group Chairman Lee Myung-hee had a salary of 4.1 billion won while her daughter ...
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March 19, 2019
Shinsegae’s BoonTheShop to open at Bergdorf Goodman
South Korean retail conglomerate Shinsegae Group said on March 19 its luxury concept store BoonTheShop will open at an upscale US department store. The launch of BoonTheShop at Bergdorf Goodman -- a luxury department store chain based in New York City -- is the Korean retailer’s thir...
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March 05, 2019
Shinsegae Group to adopt e-voting for shareholder meetings
Korean retail giant Shinsegae Group said on March 5 it will introduce electronic voting at this year’s shareholder meetings for its seven listed firms to help boost shareholder interests. The sev...iggest discount store chain E-mart decided to adopt e-voting at board meetings in late...
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February 26, 2019
Shinsegae to launch integrated online shopping firm in March
Shinsegae Group, the operator of Korea’s biggest discount store chain E-mart, said on Feb. 26 that it will integrate its online shopping mall operations into SSG.COM from next month to boost sales. ...il conglomerate will launch SSG.COM, an integrated company of two online shopping stor...
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February 18, 2019
[EQUITIES] ‘Shinsegae underperforms in Q4’
Shinsegae ’s earnings in the fourth quarter last year were slow, said Hyundai Motor Investment and Securities on Feb. 18 lowering the target price to 320,000 won (US$284.57) from 330,000 won. Its r...ent to 133.8 billion won, below market expectations,. The poor performance of its sub...
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February 17, 2019
Chiefs of Korea’s top 10 conglomerates to reap record high dividends for 2018
...nstruction, Huh’s dividend earnings from GS companies last year comes to 15.8 billion won, up 54.8 percent from 10.2 billion won collected in 2017. Also expecting a surge in dividend earnings is Shinsegae Group Chairman Lee Myung-hee, who is set to reap 13.7 billion won in dividends f...
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February 15, 2019
Shinsegae’s 18Q4 operating profit down 12% to W133.8b
[DISCLOSURE] Shinsegae (004170) reported on Feb. 15 that its operating profit in the fourth quarter last year fell 12.2 percent to 133.8 billion won (US$118.59 million) from the same period the previous year. Its revenue hiked 40.7 percent on-year to 1.54 trillion won and net profit 21...
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February 07, 2019
K-fashion pressed to think outside the box
...over seven years and will be worth over 2 trillion won this year, according to estimates by the Korea Research Institute for Fashion Industry. In fact, the combined market share of Fila, F&F and Shinsegae International surpassed 1 trillion won, while the total market value of some 40 l...
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January 27, 2019
Duty-free sales from Japanese visitors up despite military tension: sources
...he ship was on a mission to rescue a North Korean ship drifting in the international waters of the East Sea. Such a discord was earlier anticipated to weigh down South Korea's tourism industry. Shinsegae Duty Free's Myeongdong store also saw sales from Japanese soar 53 percent in the ...
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January 13, 2019
Dawn delivery takes retail industry by storm
...ment system. The company ultimately aims to set up a system to send products here for same-day or three-hour delivery. Saying that the future growth of his group will be led by e-commerce unit, Shinsegae Group Vice President Chung Yong-jin has set its target to increase the annual sal...
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December 26, 2018
Shinsegae E&C wins W80b order
[DISCLOSURE] Shinsegae Engineering and Construction (034300) announced on Dec. 24 that it has signed an 80.12 billion won (US$71.20 million) contract to build a mixed-use building in Gwangju. This amounts to 7.53 percent of its 2017 revenue and the contract is valid until July 31, 2022...